CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 5,215 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 5,215 shares of CVR Partners stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $71.92 per share, with a total value of $375,062.80. Following the completion of the purchase, the insider now owns 96,855 shares in the company, valued at approximately $6,965,811.60. The trade was a 5.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 0.9 %

NYSE UAN opened at $71.69 on Tuesday. CVR Partners, LP has a 12 month low of $60.50 and a 12 month high of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock has a 50 day moving average of $69.25 and a 200-day moving average of $74.01. The company has a market cap of $1.23 billion, a PE ratio of 14.42 and a beta of 1.28.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Oxbow Advisors LLC lifted its stake in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after purchasing an additional 295 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners in the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners during the 3rd quarter worth approximately $293,000. Virtu Financial LLC acquired a new position in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, GSA Capital Partners LLP raised its stake in CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares during the period. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.